Form 4: Sempra CEO Acquires $200K in Phantom Shares

Sempra's Chairman, CEO, and President, Jeffrey W. Martin, acquired 2,140.07 phantom shares valued at $200,000 under the company's deferred compensation plan.

Summary

• Jeffrey W. Martin, Sempra's Chairman, CEO, and President, acquired 2,140.07 phantom shares of Sempra Common Stock.
• The acquisition occurred on March 12, 2026, as part of Sempra's deferred compensation plan.
• The phantom shares were acquired at a price of $93.45 per share, totaling an acquisition cost of $200,000.
• Following this transaction, Mr. Martin beneficially owns 206,734.42 derivative securities (phantom shares).
• Phantom shares are payable in cash and can be transferred by the reporting person into an alternative investment account.
• The conversion of derivative security is 1 for 1, and the shares are immediately exercisable with no expiration date.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive signal, as it represents an insider increasing their stake, albeit through a compensation plan, which generally indicates confidence in the company's future performance.

Positives

• The acquisition of phantom shares by the CEO demonstrates continued alignment of management's interests with shareholder value through participation in the company's deferred compensation plan.

Negatives

• No specific negative aspects are identified in this routine insider transaction filing.

Risks

• No specific risks are mentioned in this Form 4 filing, which primarily reports an insider transaction.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• No direct quotes or paraphrased statements from company management are included in this Form 4 filing, which is a transactional report.

Industry Context

StockSavvy.ai notes that insider acquisitions, even through deferred compensation plans, can signal management's confidence in the company's long-term prospects within the utility sector. Such transactions are common mechanisms for executive compensation and alignment.

Comparison to Industry Standards

• This transaction is a standard executive compensation event, aligning with common practices in large utility companies like Duke Energy, NextEra Energy, or Southern Company, where executives often receive equity-linked compensation or participate in deferred compensation plans to align their interests with long-term shareholder value.

Related Party Transactions

• The acquisition of phantom shares by Jeffrey W. Martin, the Chairman, CEO, and President, under Sempra's deferred compensation plan constitutes a related party transaction.

Stakeholder Impact

• Shareholders: The transaction aligns the CEO's financial interests with the company's performance, potentially benefiting shareholders through long-term value creation.
• Employees: No direct impact on general employees is indicated by this specific filing.
• Customers: No direct impact on customers is indicated by this specific filing.

Next Steps

• No specific future actions, events, or milestones are mentioned in this Form 4 filing beyond the reported transaction.

Key Dates

Recommendation

This Form 4 filing reports a routine insider acquisition of phantom shares through a deferred compensation plan. While it signals management's continued alignment and confidence, it does not present new fundamental information or a significant discretionary market purchase that would warrant a change in investment recommendation. The transaction is expected and part of standard executive compensation.

Keywords

Sempra, SRE, Jeffrey W. Martin, Insider Transaction, Form 4, Phantom Shares, Deferred Compensation, Executive Compensation, Utility Sector